Weekly Update - Layer 1 & Layer 2 News (Week 51, 21/12/2021 - 27/12/2021)
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Weekly Update - Layer 1 & Layer 2 News (Week 51, 21/12/2021 - 27/12/2021)
BTC miner revenues grow 2x in 2021 to $15B. Cronos (CRO) climbs further: +25.81% in TVL gains, +15.05% in transactions, +12.43% in wallet addresses.
Key Takeaways
Bitcoin (BTC) miners made more than $15 billion in revenues throughout 2021, according to The Block Research. The estimate represents a year-over-year increase of 206%. (ref)
Fantom (FTM) witnessed a rapid upsurge in total value locked (TVL) in all active dApp protocols. With its $5.6 billion in TVL, Fantom surpassed veteran smart contracts platform Tron (TRX). Price increases for tokens such as FTM, BOO, and TOMB also contributed to the upswing. (ref)
Crypto.com buys ad space for the Super Bowl 2022. The Super Bowl – the most important event in American football – will be held in February 2022. For reference, the 2021 Super Bowl had 96.4 million viewers. (ref)
Tectonic (TONIC), one of the first lending protocols on Cronos, has launched on 23 December, reaching a TVL of $193.88M and a total borrow amount of $328.80M as of 28 December 2021. Users can now supply and borrow assets on Tectonic to earn TONIC rewards. (ref)
Cronos (CRO) saw a +15.05% increase in total transactions to 8.56M and an increase of TVL to $1.93B ( +25.81% week-on-week). The total number of wallet addresses now stands at 274,007, up +9.91% from last week.
Highlights
Ethereum launches Kintsugi public testnet ahead of move to proof-of-stake
Opera partners with Polygon to integrate Ethereum dApps into browser
US renewable energy services provider to build $2.4 billion data center with Bitcoin mining
Binance burns 1.335 million BNB, replaces quarterly burns with BNB auto-burns
Avalanche ($AVAX) starts trading on Kraken as on-chain activity skyrockets
Here's how Polygon is challenging the limitations of Ethereum, as told by co-founder Sandeep Nailwal
Number of Cardano's wallets grow over 1,200% from last Christmas
Over $120 billion pours into crypto market in a day as Bitcoin reclaims $51k
Terra (LUNA) surpasses $35,000,000,000 market cap, soaring 123% in 30 days
Terra's Mirror protocol warns community against governance attack
‡ Accurate as of end of November report
Sources: Coingecko, Etherscan,Ethernodes, Terra Station, Terra Etherscan, Avascan, Solana Beach, FTMscan, BSCscan,Cronos Explorer, DeFi Llama
Sources: DeFi Llama, Polyscan, Clark Moody Bitcoin, 1ML, Ronin Explorer, Coingecko, Optimistic Etherscan, Arbiscan, Boba Explorer
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